24.5 C
New York
Tuesday, June 22, 2021

Sebi sets March 31 as cut-off date for re-lodgement of share transfer requests

Must read

Krispy Kreme eyes near $4 billion valuation in U.S. IPO

Stock Markets7 minutes ago (Jun 22, 2021 11:36AM ET) (C) Reuters. FILE PHOTO: A man walks past a Krispy Kreme "Hot Now" neon sign in...

Exclusive: Harvard wasn’t pressured over Toshiba, former Japan adviser says

2/2 (C) Reuters. FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato 2/2 By Ross...

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.04%

Stock Markets8 minutes ago (Jun 22, 2021 11:35AM ET) (C) Reuters. Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.04% Investing.com - Denmark...

3 Great Home Improvement Stocks for 2021 and Beyond

Stock Markets12 minutes ago (Jun 22, 2021 11:30AM ET) (C) Reuters. 3 Great Home Improvement Stocks for 2021 and Beyond Companies that cater to home improvement...

NEW DELHI: Capital markets regulator Sebi on Monday fixed March 31, 2021, as the cut-off date for re-lodgement of share transfer requests. Transfer of securities held in physical mode has been discontinued with effect from April 1, 2019, but investors have not been barred from holding shares in the physical form.

Sebi, in March 2019, had clarified that transfer deeds lodged before the deadline of April 1, 2019, and rejected or returned due to deficiency in the documents may be re-lodged with requisite documents.

Now, Securities and Exchange Board of India (Sebi), has “decided to fix March 31, 2021, as the cut-off date for re-lodgement of transfer deeds”, according to a circular.

“Further, the shares that are re-lodged for transfer (including those requests that are pending with the listed company / RTA, as on date) shall henceforth be issued only in Demat mode,” it added.

Shares in the Demat form will help in maintaining a transparent record of shareholding at companies amid rising concerns over beneficial ownership of entities.

- Advertisement -

Latest article

Krispy Kreme eyes near $4 billion valuation in U.S. IPO

Stock Markets7 minutes ago (Jun 22, 2021 11:36AM ET) (C) Reuters. FILE PHOTO: A man walks past a Krispy Kreme "Hot Now" neon sign in...

Exclusive: Harvard wasn’t pressured over Toshiba, former Japan adviser says

2/2 (C) Reuters. FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato 2/2 By Ross...

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.04%

Stock Markets8 minutes ago (Jun 22, 2021 11:35AM ET) (C) Reuters. Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.04% Investing.com - Denmark...

3 Great Home Improvement Stocks for 2021 and Beyond

Stock Markets12 minutes ago (Jun 22, 2021 11:30AM ET) (C) Reuters. 3 Great Home Improvement Stocks for 2021 and Beyond Companies that cater to home improvement...

There is no new inflation paradigm, ECB’s Lane says

Economy12 minutes ago (Jun 22, 2021 11:30AM ET) (C) Reuters. FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event...